Australian Politics Forum - Investment Helping Millionaires Live Tax Free

Grappler Racist Filth Gold Member Offline Australian Politics Posts: 90607 Proud Old White Australian Man Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #15 - Mar 2^nd, 2019 at 7:29pm If they weren't tax effective they wouldn't be used.... same as dividend imputation which is advertised as 'tax beneficial'.. simple rules - one income recipient - one tax...
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John Smith

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Re: Investment Helping Millionaires Live Tax Free
Reply #16 - Mar 2^nd, 2019 at 7:32pm

lee wrote on Mar 2^nd, 2019 at 6:35pm:

of course you wouldn't petal. You are above that

So now you're making up more lies to cover up your previous lies? Ohh What a a tangled web we weave. Cheesy

lee wrote on Mar 2^nd, 2019 at 6:35pm:

Exactly where did I avoid the question? I provided an answer.

only after I prompted you on it a second time. Roll Eyes

lee wrote on Mar 2^nd, 2019 at 6:35pm:

You try complicated. But you continually trip yourself up

I haven't even gotten anywhere near complicated. Although I can understand why you might find them so......... Grin

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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #17 - Mar 2^nd, 2019 at 7:48pm

John Smith wrote on Mar 2^nd, 2019 at 7:32pm:

Ohh What a a tangled web we weave.

You do petal.

John Smith wrote on Mar 2^nd, 2019 at 7:32pm:

only after I prompted you on it a second time.

No petal. Asking a clarification isn't avoidance. Wink

John Smith wrote on Mar 2^nd, 2019 at 7:32pm:

I haven't even gotten anywhere near complicated.

You try though petal. Wink

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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #18 - Mar 2^nd, 2019 at 7:55pm

Grappler Racist Filth wrote on Mar 2^nd, 2019 at 7:29pm:

If they weren't tax effective they wouldn't be used.

They are used to protect assets. Anyone can do that.

Grappler Racist Filth wrote on Mar 2^nd, 2019 at 7:29pm:

same as dividend imputation which is advertised as 'tax beneficial'.. simple rules - one income recipient - one tax...

Yes petal. Sharehholders are owners. The tax is paid on their behalf by the company. That is why they are entitled to DI. But we have gone over that so many times and you still can't comprehend.

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John Smith

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Re: Investment Helping Millionaires Live Tax Free
Reply #19 - Mar 2^nd, 2019 at 8:48pm

lee wrote on Mar 2^nd, 2019 at 7:48pm:

You do petal.

no prizes for second dopey

lee wrote on Mar 2^nd, 2019 at 7:48pm:

No petal. Asking a clarification isn't avoidance.

answering the question you ask isn't 'asking for clarification', deary.

lee wrote on Mar 2^nd, 2019 at 7:48pm:

You try though petal.

refer to my first answer

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #20 - Mar 2^nd, 2019 at 8:49pm lee wrote on Mar 2^nd, 2019 at 7:55pm: The tax is paid on their behalf by the company. no, tax is paid by the company for the company. After all, it's not called shareholders tax, it's called company tax
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Grappler Racist Filth

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Re: Investment Helping Millionaires Live Tax Free
Reply #21 - Mar 2^nd, 2019 at 9:02pm

John Smith wrote on Mar 2^nd, 2019 at 8:49pm:

lee wrote on Mar 2^nd, 2019 at 7:55pm:

The tax is paid on their behalf by the company.

no, tax is paid by the company for the company. After all, it's not called shareholders tax, it's called company tax

Company is a separate legal entity which has a duty to pay company tax - a highly concessional tax to begin with at maybe 30% of net, which most companies don't pay anyway - the shareholder is another totally separate legal entity with a duty to pay personal income tax... never the twain shall meet....

Frack the dividend imputation - get rid of it and pay your taxes as due you loafers..

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #22 - Mar 2^nd, 2019 at 9:08pm

John Smith wrote on Mar 2^nd, 2019 at 8:49pm:

no, tax is paid by the company for the company. After all, it's not called shareholders tax, it's called company tax

We know you have cognitive dissonance.

It is called company tax and is paid by the company, on the profit, on behalf of the owners, the shareholders. The profit is then distributed either in full or in part to the shareholders, with the tax paid attached.

If you disagree, you better tell Bill, because he has got it wrong too. Because that would mean there is no dividend imputation. And we know that's not right; don't we? Wink

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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #23 - Mar 2^nd, 2019 at 9:13pm

Grappler Racist Filth wrote on Mar 2^nd, 2019 at 9:02pm:

the shareholder is another totally separate legal entity with a duty to pay personal income tax...

Nope. The shareholders are the owners of the company. They are in the company minutes as part owners.

The shareholders do need to pay tax. Some may be liable for personal tax and some may be company tax as all the shareholders may not be individuals.

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Setanta

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Re: Investment Helping Millionaires Live Tax Free
Reply #24 - Mar 2^nd, 2019 at 9:16pm

lee wrote on Mar 2^nd, 2019 at 9:13pm:

Grappler Racist Filth wrote on Mar 2^nd, 2019 at 9:02pm:

the shareholder is another totally separate legal entity with a duty to pay personal income tax...

Nope. The shareholders are the owners of the company. They are in the company minutes as part owners.

The shareholders do need to pay tax. Some may be liable for personal tax and some may be company tax as all the shareholders may not be individuals.

Employees that work for the company should be seen similarly. They are a part of the machinery. They should not be taxed.

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lee Gold Member Offline Australian Politics Posts: 21379 Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #25 - Mar 2^nd, 2019 at 9:20pm Setanta wrote on Mar 2^nd, 2019 at 9:16pm: Employees that work for the company should be seen similarly. They are a part of the machinery. They should not be taxed. So the company should not be taxed either?
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Setanta

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Re: Investment Helping Millionaires Live Tax Free
Reply #26 - Mar 2^nd, 2019 at 9:23pm

lee wrote on Mar 2^nd, 2019 at 9:20pm:

Setanta wrote on Mar 2^nd, 2019 at 9:16pm:

Employees that work for the company should be seen similarly. They are a part of the machinery. They should not be taxed.

So the company should not be taxed either?

No, the company should be taxed. The workers are but machinery. Taxing them is double taxation, they should be a tax write off. Workers should not be taxed.

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Grappler Racist Filth

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Re: Investment Helping Millionaires Live Tax Free
Reply #27 - Mar 2^nd, 2019 at 9:25pm

lee wrote on Mar 2^nd, 2019 at 9:13pm:

Grappler Racist Filth wrote on Mar 2^nd, 2019 at 9:02pm:

the shareholder is another totally separate legal entity with a duty to pay personal income tax...

Nope. The shareholders are the owners of the company. They are in the company minutes as part owners.

The shareholders do need to pay tax. Some may be liable for personal tax and some may be company tax as all the shareholders may not be individuals.

You're grasping - that interpretation is totally incorrect.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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lee Gold Member Offline Australian Politics Posts: 21379 Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #28 - Mar 2^nd, 2019 at 9:26pm Setanta wrote on Mar 2^nd, 2019 at 9:23pm: Taxing them is double taxation, they should be a tax write off. How is it double taxation?
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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #29 - Mar 2^nd, 2019 at 9:29pm

John Smith wrote on Mar 2^nd, 2019 at 8:48pm:

no prizes for second dopey

you could kiss my A*rse and try for third Wink

John Smith wrote on Mar 2^nd, 2019 at 8:48pm:

answering the question you ask isn't 'asking for clarification', deary.

only in your bizarro world.

John Smith wrote on Mar 2^nd, 2019 at 8:48pm:

refer to my first answer

perhaps you want to try for fourth?

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